Many investors hopping on the gold bandwagon are relatively young, in the 20s and 30s, MarketWatch reported Friday.
“It was only a matter of time,” said Divnain Malik, head of retail sales at Gold Bullion International, in the article. The younger demographic “seems to be catching on.” The 25-to-35 year-old age bracket is the firm’s fastest growing segment of buyers.
PowerShares DB Gold Double Short ETN (NYSEArca: DZZ), ProShares Ultrashort Gold ETF (NYSEArca: GLL) and PowerShares DB Gold Short ETN (NYSE Arca: DGZ) are among the exchange traded products that profit when gold prices fall. [These Inverse ETFs Short Gold, Silver]
ProShares Ultrashort Gold ETF
Full disclosure: Tom Lydon’s clients own GLD.